- Rumors about Elon Musk’s government role lack verification.
- No official confirmation from any involved parties.
- Market reaction remains unaffected by the rumors.
Elon Musk, Tesla’s CEO, was recently rumored to announce his departure from the fictitious “Department of Government Efficiency” (DOGE) during Tesla’s earnings call.
The claims hold no validity, with no official confirmation or existing records of such an agency.
Elon Musk’s Alleged Role in Non-Existent Government Agency
Elon Musk was reported to potentially announce his exit from the “Department of Government Efficiency” during a Tesla earnings call.
Neither Tesla’s official channels nor Musk’s social media accounts provide any confirmation of the report’s validity. The claims remain unofficial and speculative in nature as no U.S. government records support the existence of such a department or Musk’s involvement in it.
“The latest updates from ChainCatcher pertain to technical adjustments in derivatives markets and summaries of hacking incidents, with no mention of Musk, the Department of Government Efficiency, or DOGE involvement in governmental affairs.” – ChainCatcher News
Dogecoin’s Stability Amid Unverified Rumors
Did you know? Elon Musk’s tweets have historically caused significant fluctuations in Dogecoin’s price, yet recent rumors lack such impact due to the absence of official acknowledgment or documentation.
Dogecoin (DOGE) stands at $0.16, maintaining a market cap of $24.02 billion according to CoinMarketCap data as of April 22, 2025. Despite rumors, price activity shows minimal impactwith a 24-hour trading volume at $960.74 million, marking a change of 0.48%.
“No new developments or official communications regarding government affiliations with DOGE or Elon Musk have been posted on our channels.” – Dogecoin Foundation, Official Twitter
Source: https://coincu.com/333582-elon-musk-government-role-rumors/